Dogecoin Tumbles After Musk Calls it a "Hustle" on SNL

Submitted by Aaron Goldstein on

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Aaron Goldstein

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Dogecoin Tumbles After Musk Calls it a "Hustle" on SNL

For anyone thinking Elon Musk's appearance on SNL Saturday night might push the price of Dogecoin up, you would have been sadly mistaken.  Just the opposite occurred.

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The Tesla chief and cryptocurrency supporter Elon Musk called the digital currency a ‘hustle’ during his highly anticipated guest-host appearance.

Musk, who displayed some decent comedy wit, was asked during an SNL segment of "Weekend Update", 'what is dogecoin', to which he replied, "It's the future of currency. It's an unstoppable financial vehicle that’s going to take over the world."

When a show cast member Michael Che countered, "So, it's a hustle?", Musk replied, "Yeah, it's a hustle." And laughed.

Dogecoin was quoted as low as $0.47 on crypto exchange Binance, down 28% from levels around $0.65 before the show.

Ethereum Promoter Explains Why He Believes Dr. Craig Wright Satoshi Claims

Speaking to Coinbase.com this week, California-based programmer, Kevin Healy, discusses why he believes Dr. Craig Wright is indeed the real Satoshi, founder of Bitcoin.

Healy is primarily known for his Ethereum-based content, which puts him naturally at odds with Dr. Craig Wright and his claim to be the inventor of Bitcoin.  His view also goes against the stance of Ethereum pioneer Vitalik Buterin, who is on record as doubting Dr. Wright in the past.

Despite the controversy, Healy notes that the limitless possibilities of BSV pave the way for “some really cool stuff,” providing a vision of Bitcoin in keeping with Dr. Craig Wright’s original whitepaper. Facing a personal backlash, Healy sets out the comprehensive case in his YouTube video, “Why I Believe Craig Wright is Satoshi.”

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- Aaron Goldstein, Gambling911.com

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